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Air Core Three Phase Shunt Reactor Market Share

Report ID: GMI11890
Published Date: Oct 2024
Report Format: PDF

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Air Core Three Phase Shunt Reactor Market Share

GE holds a significant share in the air core three-phase shunt reactor industry, leveraging its advanced technologies and global presence. The company's expertise in grid solutions and voltage management, combined with its strong focus on renewable energy integration, has positioned it as a key player. GE's solutions help enhance grid stability, reduce transmission losses, and support the increasing demand for energy-efficient infrastructure worldwide.

Air Core Three Phase Shunt Reactor Market Companies

Major players operating in the air core three phase shunt reactor industry are:

Coil Innovation
GETRA
GE
Hilkar
Hyosung Heavy Industries
Hitachi Energy
MindCore Technologies
Nissin Electric
Phoenix Electric Corp.
Siemens Energy
Shrihans Electricals
SGB SMIT
Toshiba Energy Systems & Solutions Corporation
TMC Transformers Manufacturing Company

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The global market for air core three-phase shunt reactor was reached USD 211.9 million in 2023 and is estimated to grow at a 9.8% CAGR from 2024 to 2032, propelled by increasing power infrastructure investments and demand for efficient grid management.

The variable shunt reactor market is expected to surpass USD 260 million by 2032, due to their flexibility in adjusting reactive power compensation, making them ideal for fluctuating grid demands.

The electric utility sector is expected to drive significant growth in the air core three-phase shunt reactor market, with a projected CAGR exceeding 8% through 2032, fueled by the need for efficient power transmission and distribution.

The U.S. market for air core three-phase shunt reactor is projected to exceed USD 60 million by 2032, driven by power grid modernization investments and the expansion of renewable energy sources.

Leading companies in the air core three-phase shunt reactor industry include Coil Innovation, GETRA, GE, Hilkar, Hyosung Heavy Industries, Hitachi Energy, MindCore Technologies, Nissin Electric, Phoenix Electric Corp., Siemens Energy, Shrihans Electricals, SGB SMIT, Toshiba Energy Systems & Solutions Corporation, and TMC Transformers Manufacturing Company.